X0201 4 2003-12-18 0 0000002969 AIR PRODUCTS & CHEMICALS INC /DE/ APD 0001220007 KATSAROS ARTHUR T 7201 HAMILTON BOULEVARD ALLENTOWN PA 18195 0 1 0 0 Group V.P. - Dev & Tech Common Stock 2003-12-18 4 M 0 6000 23.12 A 26550.0000 D Common Stock 2003-12-18 4 S 0 6000 51.61 D 20550.0000 D Common Stock 2003-12-18 4 I 0 5688.2055 52.46 D 5843.8683 I By RSSOP 1995 Stock Options 23.12 2003-12-18 4 M 0 6000 0 D 1988-08-08 2004-10-04 Common Stock 6000.0000 0.0000 D 1995 Rights 0.00 2003-12-18 4 J 0 6000 0 D 1988-08-08 2004-10-04 Common Stock 6000.0000 0.0000 D Shares represented by units of interest in the Company Stock Fund held under the issuer's Retirement Savings and Stock Ownership Plan. These Rights were cancelled upon the exercise of the Options described herein. Rights have exercise dates only during a 30 day period following a change in control of the Company (as defined in the LTIP). Employee Stock Options (Options) granted under the issuer's Long-Term Incentive Plan (LTIP). Exercise of these Options cancels the related Rights described herein on a one-for-one basis. One-third became exercisable 10/3/95; one-third became exercisable 10/3/96; and one-third became exercisable 10/3/97. By: Linda M. Svoboda as Attorney in Fact 2003-12-19